E-commerce During Covid: Stylized Facts from 47 Economies

Author: Cavallo Alberto, Mishra Prachi, and Spilimbergo Antonio

Volume/Issue: Volume 2022 Issue 019

Publication date: January 2022

ISBN: 9781616359218

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Economics / General , Industries - Hospitality Travel and Tourism , COVID-19 , Technological Change , consumption , digitalization , e-commerce , IMF working paper research Department , e-commerce share , COVID trend , data from Mastercard , spending share , COVID-19 , Consumer credit , Consumption , Tourism , Global

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WORKING PAPERS PUBLISHED IN DECEMBER 2004

Summary

We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with higher pre-pandemic e-commerce shares, exacerbating the digital divide across economies. Overall, the latest data suggest that these spikes in online spending shares are dissipating at the aggregate level, though there is variation across industries. In particular, the share of online spending in professional services and recreation has fallen below its pre-pandemic trend, but we observe a longer-lasting shift to digital in retail and restaurants.